Palin, Sarkozy Second to Obama for 'Time'

President-elect Barack Obama has won another contest: He's been named Time magazine's "Person of the Year" for 2008.

The magazine has named Treasury Secretary Henry Paulson, French President Nicolas Sarkozy, Gov. Sarah Palin and Chinese director Zhang Yimou as runners-up.

Last year's winner was Russian Prime Minister Vladimir Putin. Previous individual winners have included Bono, President George W. Bush and Amazon.com CEO and founder Jeff Bezos.

"In one of the craziest elections in American history, he overcame a lack of experience, a funny name, two candidates who are political institutions and the racial divide to become the 44th president of the United States," the magazine said.

President-elect Barack Obama has won another contest: He's been named Time magazine's "Person of the Year" for 2008.The magazine has named Treasury Secretary Henry Paulson, French President Nicolas Sarkozy, Gov. Sarah Palin and Chinese director Zhang Yimou as...